you would need to provide a lot more details for a comprehensivethe absence of the details, a bit of assumption would come in. However, let’s make an effort.
If the usage from the growth/dividend/interest is a concern, I would suggest that you allocate only 7% -10% ie. 10 lacs in liquid funds/overnight funds. In fact, I would also ask you to reduce the amount and keep 2.5 lacs in a bank deposit, ideal the unfixed one.
If you want to have only grown as a criterion then you should be invested in 40% diversified/multi-cap, 30% in large and midcaps and 20% in flavour of the season fund.